Hercules Capital, Inc. (NYSE:HTGC) Director Robert P. Badavas Sells 1,700 Shares

Hercules Capital, Inc. (NYSE:HTGC) Director Robert P. Badavas sold 1,700 shares of the stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $19.60, for a total value of $33,320.00. Following the transaction, the director now owns 4,234 shares of the company’s stock, valued at approximately $82,986.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Hercules Capital Stock Up 0.1 %

HTGC stock opened at $19.82 on Monday. Hercules Capital, Inc. has a 1-year low of $14.05 and a 1-year high of $20.01. The business has a fifty day moving average price of $19.33 and a 200-day moving average price of $18.16. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.47 and a quick ratio of 2.47. The stock has a market capitalization of $3.21 billion, a P/E ratio of 9.01 and a beta of 1.36.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. Hercules Capital had a return on equity of 18.35% and a net margin of 69.98%. The firm had revenue of $121.55 million during the quarter, compared to analysts’ expectations of $121.86 million. During the same quarter in the previous year, the business earned $0.47 earnings per share. The company’s revenue was up 15.7% on a year-over-year basis. Equities analysts forecast that Hercules Capital, Inc. will post 2.06 earnings per share for the current fiscal year.

Hercules Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Tuesday, May 14th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 9.69%. The ex-dividend date was Monday, May 13th. Hercules Capital’s payout ratio is currently 72.73%.

Institutional Trading of Hercules Capital

Large investors have recently modified their holdings of the company. Sound Income Strategies LLC grew its holdings in Hercules Capital by 2.9% during the first quarter. Sound Income Strategies LLC now owns 2,654,119 shares of the financial services provider’s stock valued at $48,968,000 after purchasing an additional 73,747 shares during the period. Van ECK Associates Corp lifted its position in shares of Hercules Capital by 4.6% in the first quarter. Van ECK Associates Corp now owns 2,525,848 shares of the financial services provider’s stock valued at $46,602,000 after acquiring an additional 111,101 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Hercules Capital by 1,567.0% in the fourth quarter. International Assets Investment Management LLC now owns 1,345,736 shares of the financial services provider’s stock valued at $22,433,000 after acquiring an additional 1,265,008 shares in the last quarter. Advisors Capital Management LLC lifted its position in shares of Hercules Capital by 2.4% in the third quarter. Advisors Capital Management LLC now owns 1,006,309 shares of the financial services provider’s stock valued at $16,524,000 after acquiring an additional 23,157 shares in the last quarter. Finally, Melia Wealth LLC lifted its position in shares of Hercules Capital by 5.5% in the first quarter. Melia Wealth LLC now owns 691,540 shares of the financial services provider’s stock valued at $12,759,000 after acquiring an additional 36,325 shares in the last quarter. Institutional investors own 19.69% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Keefe, Bruyette & Woods increased their price objective on Hercules Capital from $18.00 to $19.00 and gave the stock a “market perform” rating in a report on Friday, May 3rd. Wells Fargo & Company increased their price objective on Hercules Capital from $19.50 to $20.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. Piper Sandler raised their price target on Hercules Capital from $21.00 to $21.50 and gave the company an “overweight” rating in a report on Friday, May 3rd. Finally, JMP Securities raised their price target on Hercules Capital from $19.00 to $20.00 and gave the company a “market outperform” rating in a report on Friday, May 3rd. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Hercules Capital currently has a consensus rating of “Hold” and an average price target of $18.56.

Hercules Capital Company Profile

Hercules Capital, Inc is a business development company. The firm specializing in providing venture debt, debt, senior secured loans, and growth capital to privately held venture capital-backed companies at all stages of development from startups to expansion stage including select publicly listed companies and select special opportunity lower middle market companies that require additional capital to fund acquisitions, recapitalizations and refinancing and established-stage companies.